Sri Lanka rupee opens weaker, stocks steady
Jul 16, 2018 10:18 AM GMT+0530 | 0 Comment(s)
ECONOMYNEXT - The Sri Lanka rupee weakened against the US dollar on Monday, with gilt yields seen easing and stocks opening marginally higher, brokers and dealers said.
The rupee was been quoted at 159.85/160.00 rupees against the US dollar in early trading Monday in the spot market on import demand, dealers said.
The US dollar closed at 159.60/70 rupees last Friday.
Gilt yields were seen easing marginally in opening trades.
A five-year bond was quoted at 10.28/33 percent, down slightly from the previous day's closing of 10.28/36 percent.
A ten-year bond was quoted at 10.53/63 percent, easing from Friday's closing of 10.55/63 percent.
In equities, the Colombo All Share index was 0.07 percent higher in early trading, up 4.10 points to 6,142.18, and the S&P SL20 of more liquid stocks was up 0.07 percent, gaining 2.21 points to 3,337.03.
Market turnover was 44.7 million rupees.
John Keells Holdings opened higher at 143.50 rupees before settling at 142 rupees, accounting for over 90 percent of market turnover during the first half-hour of trading.
Lanka Indian Oil Company opened at 36 rupees and Union Bank was 12.50 rupees.
Singer Finance was trading at 14.90 rupees. (COLOMBO, 16 July 2018)